$4,375,000 $4,900,000 ↓ $525,000 reduced Active Under Contract
120 State Route 28 #6
Crystal Bay, NV 89402

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✗ STR Not Allowed
Washoe County has no STR permit caps, but Stillwater Cove HOA does not allow short-term rentals.
2 Beds
·
2.5 Baths
·
1,726 Sq Ft
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Our data on this home

About This Property

With panoramic lake views sweeping across Lake Tahoe, this exquisitely reimagined Stillwater Cove residence embodies refined mountain luxury. A comprehensive redesign of this two-bedroom two-and-a-half-bath home reveals custom cabinetry, artisan finishes, and architectural lighting throughout. The great room with its granite-clad fireplace and chef’s kitchen open to a spacious lakeview deck, while the primary suite offers its own private deck, gas fireplace, spa bath, and walk-in closet all sharing those signature views. Privately positioned on Stillwater’s secluded southern edge, the home enjoys rare serenity and exceptional lake orientation, surrounded by native pines, granite boulders, and wildflowers. Owners enjoy a private marina, buoy field, beach, pool, tennis, fitness center + seasonal restaurant. Golf cart and private dog run included. Concierge and on-site management provide effortless lakefront living in one of Tahoe’s most coveted addresses with Nevada-side tax advantages.

Listed by Camille Duvall — Sierra Sotheby's International

Listing Details

Status Active Under Contract
MLS # 1018517
Days on Market 367
Price/Sq Ft $2,535

Property History

Oct 20, 2025
Listed for sale
$4,900,000
Sep 04, 2026
Price reduced
$4,375,000 $4,900,000 ↓ $525,000
Oct 10, 2026
Pending
$4,375,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2023 · county record $3,575,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,726
Stories 3
Year Built 1980
Property Type Condominium
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 123-272-05
Parking
Parking Features Assigned,Garage,Gated,Electric Vehicle Charging Station(s)
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Dock,Dog Run,Landscaping,Patio
Lot Features Lake Front
View Lake,Panoramic
Roof Composition
Utilities & Systems
Heating Forced Air
Cooling 1 Unit
Financial
Annual Tax $10,006
HOA Fee $6,600 / Quarterly
HOA / Community Stillwater Cove HOA
HOA & Community
Community Amenities Beach Rights,Clubhouse,Fitness Center,Management,Pier,Pool,Tennis Court(s)
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
71
No revenue projection. This HOA does not allow short-term rentals.

STR Investment Summary — 120 State Route 28 #6, Crystal Bay

No revenue projection. This HOA does not allow short-term rentals.
Structural Score: 71 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

Standard homeowners policy for this home

$1,800 – $2,600/yr
about $183/mo
Est. Rebuild Cost (Coverage A)
$517,800

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$24,789 per month
Principal & interest
$22,122/mo
Property taxes
$834/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$1,650/mo
From MLS listing data.
Home insurance
$183/mo
Estimated ~$1,800–$2,600/yr — get a local broker quote for accuracy.
Down payment
20% ($875,000)
Home price
$4,375,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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